Housing Finance Sector:
Q1 (April – June 2017) was fantastic as far as Housing Finance sector is concern.
Almost all the companies have shown strong performance in the quarter. The government led actions with the mission of Housing for All by 2022 and Pradhan Mantri Awas Yojana along with Real Estate Regulatory Authority (RERA) Bill has induced substantial positivity in the sector especially from a long term perspective.
For the numbers, the profits of the companies were UP in the range of 15% to 90%, while revenues were up in the range between 8% to 38%.
Market leader HDFC (Housing Development Finance Corporation) registered de-growth both in Profit and Income (were down by 3% and 17% respectively as compared to same period last year).
Star Performer in the Sector:
All the other companies expect that of HDFC were star performer from the sector, where in the companies have shown a healthy jump in profit and revenues as compared to the same period last year.
Here is the data:
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